Buffalo, NY Real Estate

According to census data in the year 2000 there were 145,574 housing units in Buffalo. This represents a 4.2% decline from 151,971 in 1990.

Of those housing units, 145,574 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Buffalo is about 43.5%. Buffalo's vacancy rate, including seasonal lodging, is about 15.7%. Average household size is 2.29 people.

The majority of houses, apartments or condos in Buffalo were built after 1939.


Housing Size

Housing Units by Size
Studio Type2.60%
One Bedroom15.20%
Two Bedrooms29.60%
Three Bedrooms37.80%
Four Bedrooms10.30%
Five Bedrooms or more4.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1939
Median Value of occupied units$59,300
Median Price asked for vacant units$46,700

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1940
Median Monthly Rent asked for vacant units$357

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5.90%
Home Equity Loan9.10%
Simple Mortgage48.50%
Debt Free36.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19%